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Economy

Economy  |  Stan Choe, Associated Press  • 
April 3, 2025

Dow drops 1,500 as US stock market leads a worldwide sell-off following Trump’s tariff shock

The S&P 500 fell 4% Thursday. The Dow Jones Industrial Average dropped 1,520 points, and the Nasdaq composite sank 4%. 
Economy  |  Josh Boak, Associated Press  • 
April 3, 2025

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

President Trump placed the elevated tariff rates on dozens of nations that run meaningful trade surpluses with the United States, while imposing a 10% baseline tax on imports from all countries.